The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-29
CONDITION OF THE MARKETS
The Cold Weather Causes an Advance
in the Price of all Commodities.
Wheat Scores Rise of Nearly One Cent and
Closes Firm-Corn Also Brings Higher
Figures-Wide Fluctuations in Pork.
MONEY. BONDS AND STOCKS.


A Moderately Active Market, with q Feverish
and Weak Tone.
NEW YORK, Nov 2s-Money on call was
easy at to per cent, closing offered at per
cent
Prime mercantile paper. Gas per cent.
Sterling exchange was dull but steady at
80 for sixty-dsy bills and 81. S5t for de-
mand.
The total sales of stocks to-day were 370571
shares including the following Canada South
ern, $3.50; Delaware. Lackawanna 81 Western,
5000; Erie, 1850; Kansas g. Texas. 1850;
Lake Shore, 1895; Louisville 6 Nashville g.
$50; Missouri Pacific. 49, $50; Northwestern. To-
6s5; Northern Pacific preferred 1924; Oregon
Transcontiuental. $3.50; Pacific Mail. 1926;
Reading, 1888; st. Paul. 1850; Union Pacific,
e, $50; Western Union, %, TO-
The stock market was moderately active, but
feverish and weak nearly all day, leaving
prices, at the close, materially lower than on
Saturday. The general fear Of renewal of
tight money in the near future induced some
selling by holders of '.long" stock, which fear
was aided by the reports OF trouble among the
trunk lines over the rates on certain east-oound
freights, but the impression upon values would
have been insignificant but for the hammering
of the shears" and the late bulls, whe are now
looking for a reaction. The money market was
again a factor, also. and rates were bid up 20 z
Der cent, though loans were made as low as q.
and the close at S. The declines were very
uniform among the speculative stocks.
though the Gould properties were especially
weak and Kansas & Texas sold down
revival of the rumors OF a reorganization, but
Reading with the other coaers and Union Pa
cifc, all prominent at times for the de-
clines made The buving very scattered
and principally by commission people, who were
extremely cautious. The opening was very weak
at declines extending to per cent. and while the
market was quiet. with narrow fluctuations in
the early trading, everything soon gave way,
Kansas g. Texas leading. Rock Island, Rich
nnond & West Point, and St. Paul in turn, came
to the front during the morning hours. and
Canada Southern. Lackawana and Union Pacific
were most conspicuous IN the afternoon. There
was no rally reaction until the last
hour, when the buying became more
marked, and slight fractions were
rega ned. The close, however. was heavy at
or near the lowest prices OF the day. The
tire list is lower. Missouri Pacific. Kansas g.
Texas and jersey Central lost II each: Read
ing and Northern Pacific preferred. Il each
ST. Paul, Lackawanna and Union Pacific. Ii
each: Louisville g Nashville and Canada South
ern, Northwestern and Omaha, II each; Ten
nessee Coal and Lake Erie g Western preferred.
] per cent
Railroad bonds were quiet to dnll; Sales $780,
000. Closing prices are almost invariably low
Kansas g. Texas SKIES lost 2. at III, and Great
Western frsrs. q. at J. TO-
Government bonds were dull and heavy.
State bonds were dull and steady. Closing